Manager, Operational Cost Management

Known for its scientific and operational excellence, Regeneron is a leading science-based biopharmaceutical company that discovers, invents, develops, manufactures, and commercializes medicines for the treatment of serious medical conditions. Regeneron markets medicines for eye diseases, colorectal cancer, and a rare inflammatory condition and has product candidates in development in other areas of high unmet medical need, including ophthalmology, hypercholesterolemia, oncology, rheumatoid arthritis, allergic asthma, and atopic dermatitis.

The Manager, Operational Cost Management is responsible for understanding how CROs use their algorithms to support analyses regarding resourcing, cost and assumptions at the functional level and by activity.

JOB DUTIES:

• Build and continuously improve business analytics that provide prospective and retrospective measurements of cost, productivity, efficiency, quality, and compliance to facilitate timely and informed decision making

• Support Procurement and Clinical Study Managers in verifying and challenging clinical study resourcing and cost estimates and assumptions at study and program levels

• Analyze and provide data to enable comparisons of the credibility and overall competitiveness of study assumptions and cost estimates for new study proposals with that of the industry, benchmarks and internal historical estimates.

• Track data to help identify trends around costs and assumptions across vendors and therapeutic areas.    

• Help model impact of changes in assumptions on cost and resource estimates

• Drive continuous improvement in costing and process efficiency in collaboration with strategic vendors, study teams, Procurement and Finance.

• Maintain a warehousing platform for clinical study assumptions and costs

• Provide data and analyses to support development of assumptions and cost criteria baselines for use during the study proposal review process

• Help support new cost management process and ensure its utilization

• Provide inputs and interfaces with Metrics & Analytics Group on benchmarks for resourcing and costs and development of  study/program cost metrics

• Support and run study and program  level scenario analyses utilizing  vendor algorithms

• Knowledge of company policies and standard practices to resolve issues

• Escalate non-standard problems or issues as the need arises.  May also be involved in helping defining or enhancing escalation pathways

• Participates in process improvement initiatives for cost management and Business Operations initiatives

• Supports Business Operations with department deliverables which relate to Cost Management

• Provide support to teams and others in preparation for and follow-up to OPRB Meetings

JOB REQUIREMENTS:

• Experience in Biotech/Pharmaceutical/CRO a must

• A solid understanding of all operational processes required to deliver a clinical development program from first-in-human to post-approval

• Detail-oriented

• Excellent analytical and financial skills

• Problem solving abilities, troubleshooting and resourcefulness

• Proven effective influencing and negotiating, good interpersonal and leadership skills, a team player

• Experience with CRO and vendor bid grids

• Effective communication and interpersonal skills; ability to establish relationships internally and externally

• Proficiency in Microsoft Office applications

Does this sound like you? Apply now to take your first steps toward living the Regeneron Way! We have an inclusive and diverse culture that provides outstanding benefits including health and wellness programs, fitness centers and stock for eligible employees at all levels!

Regeneron is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion or belief (or lack thereof), sex, nationality, national or ethnic origin, civil status, age, citizenship status, membership of the Traveler community, sexual orientation, disability, genetic information, familial status, marital or registered civil partnership status, pregnancy or parental status, gender identity, gender reassignment, military or veteran status, or any other protected characteristic in accordance with applicable laws and regulations. We will ensure that individuals with disabilities are provided reasonable accommodations to participate in the job application process. Please contact us to discuss any accommodations you think you may need.

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